INTUITIVE SURGICAL INC — Director's Dealing 2015

Dec 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2015-12-14

Reporting Person: Brogna Salvatore (EVP - Product Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-14	Common Stock	M	1367.0	$459.14	Acquired	2059	Direct
2015-12-14	Common Stock	S	1367.0	$530.0	Disposed	692	Direct
2015-12-14	Common Stock	M	1367.0	$444.09	Acquired	2059	Direct
2015-12-14	Common Stock	S	1367.0	$530.0	Disposed	692	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-14	Non-Qualified Stock Option (right to buy)	$444.09	M	1367.0	Disposed	2024-02-18	Common Stock (1367)	Direct
2015-12-14	Non-Qualified Stock Option (right to buy)	$459.14	M	1367.0	Disposed	2024-08-15	Common Stock (1367)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	600	Indirect

Footnotes

F1: These options were exercised and the underlying shares sold pursuant to a 10b5-1 trading plan adopted by the reporting person on July 31, 2015.

F2: Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly thereafter.

F3: Non-statutory stock option granted pursuant to the 2010 Employee Stock Option Plan. Option shall vest 7/48 one month after the date of grant and 1/48th each month thereafter.